TARIL

& Rectifiers (India) Ltd. View

s & Rectifiers (India) Ltd. remains fundamentally strong in the power infrastructure space, though the recent correction came after weak quarterly numbers and margin pressure. Its order book continues to be healthy, but the reported World Bank debarment over alleged corruption in a Nigerian grid project has raised governance concerns. Technically, the stock has seen a sharp 27% selloff and is now testing the crucial 200 EMA near 278, with an oversold RSI around 24 suggesting a possible short-term rebound. The trend stays constructive as long as it holds above 275; a breakdown below this level would indicate further weakness.